California 2023-2024 Regular Session

California Assembly Bill ACR132 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Concurrent Resolution No. 132Introduced by Assembly Member SantiagoJanuary 22, 2024 Relative to CalEITC Awareness Week. LEGISLATIVE COUNSEL'S DIGESTACR 132, as introduced, Santiago. CalEITC Awareness Week.This measure would proclaim the week of January 26, 2024, through February 2, 2024, as CalEITC Awareness Week.Digest Key Fiscal Committee: NO Bill TextWHEREAS, The California Earned Income Tax Credit (CalEITC), a refundable tax credit, was enacted in 2015 and, along with the federal Earned Income Tax Credit (EITC), is one of the most effective tools we have to fight poverty for Californians; andWHEREAS, Over one in three Californians struggle to meet basic needs, according to United Ways of Californias Real Cost Measure report. The report calculates the Real Cost Measure, which factors the costs of housing, food, health care, child care, and other basic needs for a measure of what it takes to make ends meet in California that is more accurate than the official poverty measure. An estimated 3,700,000 households in California have an income that falls below the Real Cost Measure, and 97 percent of those households have at least one working adult. The CalEITC could help families improve their financial stability now and into the future; andWHEREAS, Individual Taxpayer Identification Number (ITIN) holders are ineligible for the majority of federal tax benefits, but California has made the groundbreaking decision to open benefits like the CalEITC and Young Child Tax Credit to ITIN holders. This is especially important as fifty-seven percent of households led by someone without United States citizenship live below the Real Cost Measure; andWHEREAS, Fifty-four percent of households in California with children under six years of age fall below the Real Cost Measure and the Young Child Tax Credit is available to all CalEITC-eligible families with children under six years of age; andWHEREAS, Research shows that the EITC can improve child and maternal health and spur local economic growth. Children in families that receive the EITC perform better in both the short and the long term; now, therefore, be itResolved by the Assembly of the State of California, the Senate thereof concurring, That the Legislature proclaims January 26, 2024, through February 2, 2024, as CalEITC Awareness Week; and be it furtherResolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for appropriate distribution.
2	2
3	3	CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Concurrent Resolution No. 132Introduced by Assembly Member SantiagoJanuary 22, 2024 Relative to CalEITC Awareness Week. LEGISLATIVE COUNSEL'S DIGESTACR 132, as introduced, Santiago. CalEITC Awareness Week.This measure would proclaim the week of January 26, 2024, through February 2, 2024, as CalEITC Awareness Week.Digest Key Fiscal Committee: NO
4	4
5	5
6	6
7	7
8	8
9	9	CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
10	10
11	11	Assembly Concurrent Resolution
12	12
13	13	No. 132
14	14
15	15	Introduced by Assembly Member SantiagoJanuary 22, 2024
16	16
17	17	Introduced by Assembly Member Santiago
18	18	January 22, 2024
19	19
20	20	Relative to CalEITC Awareness Week.
21	21
22	22	LEGISLATIVE COUNSEL'S DIGEST
23	23
24	24	## LEGISLATIVE COUNSEL'S DIGEST
25	25
26	26	ACR 132, as introduced, Santiago. CalEITC Awareness Week.
27	27
28	28	This measure would proclaim the week of January 26, 2024, through February 2, 2024, as CalEITC Awareness Week.
29	29
30	30	This measure would proclaim the week of January 26, 2024, through February 2, 2024, as CalEITC Awareness Week.
31	31
32	32	## Digest Key
33	33
34	34	## Bill Text
35	35
36	36	WHEREAS, The California Earned Income Tax Credit (CalEITC), a refundable tax credit, was enacted in 2015 and, along with the federal Earned Income Tax Credit (EITC), is one of the most effective tools we have to fight poverty for Californians; and
37	37
38	38	WHEREAS, Over one in three Californians struggle to meet basic needs, according to United Ways of Californias Real Cost Measure report. The report calculates the Real Cost Measure, which factors the costs of housing, food, health care, child care, and other basic needs for a measure of what it takes to make ends meet in California that is more accurate than the official poverty measure. An estimated 3,700,000 households in California have an income that falls below the Real Cost Measure, and 97 percent of those households have at least one working adult. The CalEITC could help families improve their financial stability now and into the future; and
39	39
40	40	WHEREAS, Individual Taxpayer Identification Number (ITIN) holders are ineligible for the majority of federal tax benefits, but California has made the groundbreaking decision to open benefits like the CalEITC and Young Child Tax Credit to ITIN holders. This is especially important as fifty-seven percent of households led by someone without United States citizenship live below the Real Cost Measure; and
41	41
42	42	WHEREAS, Fifty-four percent of households in California with children under six years of age fall below the Real Cost Measure and the Young Child Tax Credit is available to all CalEITC-eligible families with children under six years of age; and
43	43
44	44	WHEREAS, Research shows that the EITC can improve child and maternal health and spur local economic growth. Children in families that receive the EITC perform better in both the short and the long term; now, therefore, be it
45	45
46	46	Resolved by the Assembly of the State of California, the Senate thereof concurring, That the Legislature proclaims January 26, 2024, through February 2, 2024, as CalEITC Awareness Week; and be it further
47	47
48	48	Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for appropriate distribution.